Argus Reaffirms Hold Rating for Ethan Allen Interiors (NYSE:ETD)

Argus restated their hold rating on shares of Ethan Allen Interiors (NYSE:ETD) in a research report report published on Monday, Marketbeat Ratings reports.

Separately, Telsey Advisory Group restated a “market perform” rating and issued a $32.00 price target on shares of Ethan Allen Interiors in a report on Thursday, October 31st.

Ethan Allen Interiors Price Performance

Shares of Ethan Allen Interiors stock opened at $28.16 on Monday. Ethan Allen Interiors has a 1 year low of $26.53 and a 1 year high of $35.62. The firm’s 50-day moving average is $29.17 and its two-hundred day moving average is $29.77. The stock has a market cap of $716.11 million, a price-to-earnings ratio of 11.40 and a beta of 1.31.

Ethan Allen Interiors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 5.54%. The ex-dividend date was Tuesday, November 12th. Ethan Allen Interiors’s payout ratio is currently 63.16%.

Insider Activity at Ethan Allen Interiors

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $28.77, for a total transaction of $287,700.00. Following the completion of the transaction, the chief executive officer now directly owns 1,671,905 shares of the company’s stock, valued at approximately $48,100,706.85. This trade represents a 0.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 10.48% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ethan Allen Interiors

A number of institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its position in Ethan Allen Interiors by 4.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 53,238 shares of the company’s stock worth $1,698,000 after buying an additional 2,267 shares during the last quarter. Sanctuary Advisors LLC raised its position in Ethan Allen Interiors by 11.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 14,489 shares of the company’s stock worth $434,000 after buying an additional 1,525 shares during the last quarter. First Dallas Securities Inc. increased its holdings in shares of Ethan Allen Interiors by 3.6% during the 3rd quarter. First Dallas Securities Inc. now owns 117,282 shares of the company’s stock valued at $3,740,000 after purchasing an additional 4,054 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Ethan Allen Interiors by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 538,595 shares of the company’s stock valued at $17,179,000 after purchasing an additional 3,310 shares in the last quarter. Finally, Barclays PLC increased its holdings in shares of Ethan Allen Interiors by 113.8% during the 3rd quarter. Barclays PLC now owns 57,174 shares of the company’s stock valued at $1,824,000 after purchasing an additional 30,437 shares in the last quarter. 83.80% of the stock is owned by hedge funds and other institutional investors.

About Ethan Allen Interiors

Ethan Allen Interiors Inc operates as an interior design company, and manufacturer and retailer of home furnishings in the United States, Mexico, Honduras, and Canada. The company operates in two segments, Wholesale and Retail. Its products include case goods items, such as beds, dressers, armoires, tables, chairs, buffets, entertainment units, home office furniture, and wooden accents; upholstery comprising fabric-covered items, such as sleepers, recliners and other motion furniture, chairs, ottomans, custom pillows, sofas, loveseats, cut fabrics, and leather; and home accent items consisting of window treatments and drapery hardware, wall decors, florals, lighting, clocks, mattresses, bedspreads, throws, pillows, decorative accents, area rugs, wall coverings, and home and garden furnishings.